Legal Opinion
Consolidated Nutrition, L.C. v. IBP, Inc.
South Dakota Supreme Court
Decided August 27, 2003No. NonePublishedCited by 14 opinions
1Opinion of the Court
ZINTER, Justice (on reassignment).
[¶ 1.] IBP, Inc. (IBP), entered into a hog procurement contract with livestock producers, David and Kim Bloch (Blochs). Blochs also gave Tri County Ag Service a security interest in their hogs. This security interest was later assigned to Consolidated Nutrition, L.C. (Consolidated). IBP subsequently purchased hogs from the Blochs under the contract, but without notice of Consolidated’s security interest. After the sale, IBP applied part of the proceeds to satisfy Blochs’ preexisting debt under a “deficiency account” that was created by the procurement…
2Cases cited18 opinions
- Food Services of America v. Royal Heights, Inc.Washington Supreme Court · 1994
- Citizens National Bank v. Mid-States Development Co.Indiana Court of Appeals · 1978
- South Dakota State Cement Plant Commission v. Wausau Underwriters Insurance Co.South Dakota Supreme Court · 2000
- ASSOC. DIS. CORP. v. Fidelity Un. Trust Co.New Jersey Superior Court Appellate Division · 1970
- Pioneer Commercial Funding Corp. v. United Airlines, Inc.District Court, S.D. New York · 1991
13 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Fin-Ag, Inc. v. Pipestone Livestock Auction Market, Inc.South Dakota Supreme Court · 2008
- Fin-Ag, Inc. v. Cimpl's, Inc.South Dakota Supreme Court · 2008
- Fin-Ag, Inc. v. Watertown Livestock Auction, Inc.South Dakota Supreme Court · 2008
- Guaranty Bank & Trust Company v. Agrex, IncorporatCourt of Appeals for the Fifth Circuit · 2016
- Business Bank v. White (In Re Timothy Dean Restaurant & Bar)District Court, District of Columbia · 2006
9 more not listed; retrieve them via the Exa API.